"As part of the transaction, Alivira will invest USD 3.6 million to acquire a 70 per cent stake in the company, of which USD 2.2 million would be fresh infusion into the company to accelerate growth."

The acquisition will be made through a step-down subsidiary in Brazil of Alivira Ireland, a wholly-owned subsidiary of the company.

The transaction is expected to close in the current quarter and subject to customary closing conditions and approval of the competent courts in Brazil.

Listing of benefits of the acquisition, SeQuent Scientific said Interchange Brazil has a portfolio of over 25 registered products consisting of anti-microbials, parasiticides, sanitisers and products for the therapeutic support and it registered sales of USD 5.8 million in 2015.

Last year, Alivira Animal Health completed the acquisition of animal health business of Lyka Exports.

With immense pride “India Live” celebrated its 10th national conference in Mumbai from 28th February to 3rd March 2019. The conference turned out to be a gold mine of information, with emphasis on academics, education and exchange of knowledge with leaders in interventional cardiology from both India and abroad.